First batch of titanium sponge produced in Gansu Guotai

On January 14, 2021, the first batch of titanium sponge of Gansu Guotai Metals of Lomon Billions was successfully produced.

Gansu Guotai is a joint venture between Yunnan Guotai Metals, a wholly-owned subsidiary of Lomon Billions, and Jinchuan Group. With a total investment of RMB1.Asian Metal Copyright46 million.Asian Metal Copyright8 billion (USD0.Asian Metal CopyrightOn January 14, 2021, the first batch of titanium sponge of Gansu Guotai Metals of Lomon Billions was successfully produced.Asian Metal Copyright28 billion), the 30,000tpy rotor-grade titanium sponge project will be constructed in two phases, of which, the first phase with an investment of RMB1 billion (USD0.Asian Metal Copyright28 billion, the 30,000tpy rotor-grade titanium sponge project will be constructed in two phases, of which, the first phase with an investment of RMB1 billion USD0.Asian Metal Copyright15 billion) will build a 15,000tpy rotor-grade titanium sponge technology upgrading project; the second phase with an investment of RMB800 million (USD124 million), will build a new project with an annual output of 15,000t rotor-grade titanium sponge.Asian Metal Copyright At present, based on the successful production of the first batch of titanium sponge, the company will conduct strict product evaluation on the first batch of products at the production technology level, make adaptive adjustments to the production technology and process in time, and strictly implement the project team's process control standards to ensure that the advanced processes introduced can be used efficiently, and strive to produce rotor-grade titanium sponge as soon as possible, and achieve maximum production and meet the standard.Asian Metal Copyright It is planned to form an annual production capacity of 30,000 tons of rotor-grade titanium sponge by 2023.Asian Metal Copyright23 billion, the profit will be about RMB400 million USD61.Asian Metal Copyright After the project reaches its maximum production capacity, it is estimated that the new output value will be RMB1.Asian Metal Copyright5 billion USD0.Asian Metal Copyright5 billion (USD0.Asian Metal Copyright .Asian Metal Copyright23 billion), the profit will be about RMB400 million (USD61.Asian Metal Copyright23 billion, the profit will be about RMB400 million USD61.Asian Metal Copyright84 million), and the total tax will be about RMB100 million (USD15.Asian Metal Copyright15 billion will build a 15,000tpy rotor-grade titanium sponge technology upgrading project; the second phase with an investment of RMB800 million USD124 million, will build a new project with an annual output of 15,000t rotor-grade titanium sponge.Asian Metal Copyright46 million).

At present, based on the successful production of the first batch of titanium sponge, the company will conduct strict product evaluation on the first batch of products at the production technology level, make adaptive adjustments to the production technology and process in time, and strictly implement the project team's process control standards to ensure that the advanced processes introduced can be used efficiently, and strive to produce rotor-grade titanium sponge as soon as possible, and achieve maximum production and meet the standard.

.Asian Metal Copyright15 billion will build a 15,000tpy rotor-grade titanium sponge technology upgrading project; the second phase with an investment of RMB800 million USD124 million, will build a new project with an annual output of 15,000t rotor-grade titanium spongeAsian Metal Copyright